his father, michael wynn, owned a string of bingo parlors.n steve was ten, his father took him to las vegas for the first time. it was 1952, and nevada was the only state in america where gambling was legal. >> your father... >> yeah. >> was a charming man. >> but a compulsive gambler. >> and you're in the gambling business. that's one of many ironies about you. >> it is, and it's accidental, but it is an irony. my father had a terrible problem with gambling. he was a guy that enjoyed that activity so much that he lost control of it. >> michael wynn died during heart surgery at age 47, leaving the family with a gambling debt of $350,000. steve wynn took over the family business, made a success of it, and paid back the money his father owed. >> i would give anything for a half hour or 15 minutes with my father, to walk him through anything that good fortune has allowed to come my way these past 40 years. >> and have him stand outside and look on the building, and it says... >> ah, wynn. he changed his name. [laughs] when he was a kid, he was w